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7. The makings of a good currency At first, it might seem that valuable commodities like cattle or lead bars might be good forms of
7. The makings of a good currency At first, it might seem that valuable commodities like cattle or lead bars might be good forms of money. What makes paper money preferable to these alternatives? It is less likely to be stolen. It has more intrinsic value than cattle or lead. It is divisible (unlike cattle) and easily portable (unlike lead bars)
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